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McKinsey Report: Large Net Zero Mineral Supply Shortfall
22 hours ago
Essay by Eric Worrall
“… current mineral supply meets between 10 and 35% of projected 2050 requirements …”
McKinsey: Clean Energy sees Critical Minerals Supply Crisis
By Sean Ashcroft
October 25, 2024
McKinsey clean energy report part 1: Mining faces long-term critical minerals supply shortfall as demand soars for raw materials to fuel clean energy drive
Ensuring sufficient critical minerals are available to support the deployment of low-emissions technologies will require significant scale-up of their extraction and refining, a new McKinsey report says.
The report – The hard stuff: Navigating the physical realities of the energy transition – stresses how the energy transition is in its early stages, with only an estimated 10% of required deployment of low-emissions technologies by 2050 achieved in most areas.
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McKinsey says current mineral supply meets between 10 and 35% of projected 2050 requirements. This assessment comes under the consultancy’s Achieved Commitments scenario, which models countries meeting their stated climate pledges.
https://wattsupwiththat.com/2024/10/28/mckinsey-report-large-net-zero-mineral-supply-shortfall/
